Ethereum

Ethereum Mainnet Hit By Rug Pull Hours After BNB Hack

The world of decentralized finance continues to deal with major security issues. Hours after the attempted $600 million exploit on the BNB Chain, Ethereum faced major rug pull attacks. After the initial hack, a malicious actor created a BNBHACKERINU token and the rug pulled it two hours later.  The initial hacker was able to steal close to $100 million in BNB tokens. The exploit occurred on the BSC cross-chain bridge. Changpeng Zhou, the CEO and founder of Binance and BNB...

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Binance Coin Worth $100 Million Stolen In A Bridge Attack

In the latest development, Binance Coin (BNB) the native cryptocurrency of the Binance blockchain faced a major exploit with hackers stealing $100 million worth of BNB tokens. The exploit occurred on a cross-chain bridge BSC Token Hub. This is the cross-chain bridge connecting BNB Beacon Chain (BEP2) and BNB Chain (BEP20 or BSC). A few hours ago, Binance chief Changpeng Zhao tweeted that the issue has been “contained now”. On his Twitter handle, CZ wrote: An exploit on a cross-chain bridge,...

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‘We see propensity resuming for Bitcoin’- Here’s why this analyst is bullish

Bloomberg’s latest crypto outlook report spoke about Bitcoin in a rather optimistic tone.  Mike McGlone, the Senior commodity strategist at Bloomberg Intelligence, believes that the remainder of this year will see Bitcoin rally and outperform “most major assets.”

High hopes for Q4

Talking in the context of commodities, which he believes is the lone major asset class to rally in the first half of 2022, McGlone implied that Bitcoin may have reached its bottom, seeing as commodities have peaked.  “When the ebbing economic...

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Astar Network And MarketAcross Team Up To Coordinate Polkadot Summit SF

San Francisco, California, 6th October, 2022, Chainwire Upcoming summit centered on smart contracts to feature renowned industry experts covering Web3 topics including infrastructure development, privacy, scalability, automation, and investing  Complementing San Francisco Blockchain Week, Astar Network has partnered with Market Across to organize the “Polkadot Summit: The Future of Smart Contracts.” The summit...

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Ethereum [ETH]: This is the silver lining to its post-Merge performance

It’s been more than 2 weeks since Ethereum’s Merge happened. However, the hype that existed before the event died down soon, with the event followed by disinterest in the cryptocurrency. Glassnode recently confirmed this outcome after observing a sustained drop in ETH Open Interest in perpetual Futures contracts. Here’s AMBCrypto’s Price Prediction for Ethereum [ETH] for 2023-24 The amount of ETH Open Interest in perpetual Futures contracts recently dropped to its lowest level in 4 weeks. This seemed to be a...

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Indicators Signal Key Upside Break –

Litecoin is facing a major resistance near the $55.80 zone against the US Dollar. LTC price is now trading above $54 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $54.05 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a steady upward move if it clears the $55.20 and $55.75 levels. Litecoin price is rising above $54 against the US Dollar, similar to bitcoin....

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What Crypto Winter? GMX Soars 34% on Binance Listing

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GMX went live on Binance earlier today. 

GMX Jumps Amid Binance Hype 

One of crypto winter’s outperformers is benefiting from the Binance listing effect. Per CoinGecko data, GMX has jumped to $54.20 in Wednesday trading, up 34.2% on the day. It briefly topped $60, falling a whisker short of its $62.10 all-time high recorded at the beginning of the year. While the fast-growing decentralized exchange has shown strength over the past few months, today’s rally can be attributed to a...

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Crypto Market Set For Another Bottom, Expert Reveals Why

The crypto market showed some strength in the last 24 hours. Bitcoin prices went up by 2.57% in the last 24 hours and are currently trading at $20,161. Ethereum also surged by 1.8% in the last 24 hours and crossed the $1,352 mark.  XRP broke its slide and surged by 5% in a day and is currently trading at $0.4793. Dogecoin (DOGE), which increased by 8% in a day, was another big winner in the crypto market.  However, experts believe that...

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